Xero accounting software streamlines your financial management, from invoicing to payroll. While it may take time to master its extensive features, the ability to integrate with numerous apps and automate tasks makes it invaluable for small businesses and accountants.

Xero Accounting Solution Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

View All Specifications

What is Xero Accounting Solution?

Overview

Xero is a web-based accounting solution offering robust and complex accounting tools to small and medium-sized businesses in all industry verticals. Xero provides them with a direct gateway to connect with their banks, accounting tools, their accountant, payment services, trusted advisors and integration with +700 third-party apps through secure, readily available channels at all times via any device. The software currently caters to 1,000,000 users and over 16,000 accounting firms.

The software's accounting and bookkeeping functionalities provide users with efficient compliance tools, a practice management solution, and a cloud-based unified accounting ledger for every client, in one place. The solution now also comes with a project management feature, which wasn’t previously included. With Xero's robust accounting features, small businesses can view their cash flows, transactions, and account details from any location. Online payments allow users to track and manage expenses as well as improve relationships with critical business material suppliers. There are also features that automatically import and code all business transactions accurately.

Pricing: Four pricing packages are offered: Starter ($9/month), Standard ($30/month), and Premium 10 ($70/month). A 30-day free trial is also offered.

USP: Offers all the right tools to manage money in and out of your budgets in a way that will coincide with your business goals and long-term missions. You can also manage personal expenses with the mobile review.

Support: Support is extended via email, phone, live support, and tickets.

Product Advantages: Xero is easy to use and user-friendly, and accumulates highly ranked features that help close crucial accounting gaps. A handy tool for financial management. Easy to set up, no maintenance or hardware costs.

Product Limitations: Importing and exporting data is not very easy. The Payroll module could use improvements.

Pros and Cons of Xero Accounting Solution

Pros

  • All in one, paperless record-keeping centralizes all your finances
  • Automated tools like bank reconciliation and invoice reminders save time
  • Easy setup with 90-day support from onboarding specialists

Cons

  • May not be robust for non-technical users
  • The invoicing system can be challenging to navigate

Xero Accounting Solution Reviews

Overall Rating

4.6

52 Review(s)

Rating Distribution

5

star

(38)

4

star

(10)

3

star

(2)

2

star

1

star

(2)

July 2024

A seamless and easy to use tool!

Rishi

Computer Software

Ease of use

10

Value for money

7

Customer Support

10

Functionality

10

Pros

Extremely simple to operate. The interface is highly intuitive and the layout is simple.

Cons

The bank reconciliation feature is not part of the standard subscription package.

June 2024

Perfect for monthly invoicing

Anonymous

Not specified

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Pros

Recurring invoices and the simplicity of the program were key factors in enhancing our monthly invoicing procedure, and Xero delivered. Highly recommend.

Cons

When attaching documents, you need to ensure they are added to the invoice so the client can see them.

June 2024

Modern, trustworthy

Rob

Design

Ease of use

9

Value for money

9

Customer Support

7

Functionality

9

Pros

A secure and reliable platform to keep our business finances in check.

Cons

The pricing might seem high, but it's one of the top products available.

Frequently Asked Questions

Xero offers 24/7 email support.